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Release Date: August 21, 2006
Release Number: 06-1483-ATL
Contact Name: David James/Gloria Della
Phone Number: 202.693.4676/202.693.8666
Charlotte, North Carolina - The U.S.
Department of Labor’s Employee Benefits Security Administration (EBSA)
in Atlanta will hold a seminar to assist employers, pension plan
administrators and other benefit professionals comply with federal
employee benefits law. The Charlotte, North Carolina seminar will be
held August 22, 2006, at the Embassy Suites, 4800 South Tryon Street.
The seminar will offer comprehensive information and
one-on-one help on how to use the Voluntary Fiduciary Correction Program
(VFCP) to self-correct violations of the Employee Retirement Income
Security Act (ERISA). The program is designed to make it easier for
benefit managers and professionals to comply with ERISA and avoid
enforcement actions by the department.
The VFCP provides plan fiduciaries and others with an
opportunity to identify and correct plan activities that might otherwise
make them the subject of investigative or enforcement actions.
Applicants under the program must fully correct any prohibited
transactions, calculate any losses and restore those losses with
interest or profits, and distribute supplemental benefits owed to
eligible participants and beneficiaries. The program also offers relief
from Labor Department penalties and Internal Revenue Service excise
taxes. Information about the VFCP is available at www.dol.gov/ebsa.
The seminar will take place from 8:30 a.m. to 1:00
p.m. and offers an overview of the program. EBSA staff also will provide
one-on-one program assistance and guidance on the application process.
The seminar is free and open to employers, accountants, plan
fiduciaries, third party administrators, attorneys and anyone with
concerns about their responsibilities in administering employee benefit
plans.
Registration is on a first-come, first served basis
so individuals should register as soon as possible, to ensure space
availability. To register and obtain more information, contact Dannette
Harvey, of EBSA’s Atlanta office by phone at 404.562.2156, by fax at
404.562.1887, or by e-mail to harvey.dannette@dol.gov.
What: |
Seminar on Voluntary Fiduciary Correction
Compliance Program |
When: |
August 22, 2006
8:30 a.m. - 1:00 p.m. |
Where: |
Embassy Suites
4800 South Tryon Street
Charlotte, North Carolina |
U.S. Department of Labor news releases are accessible on the
Department's Newsroom
page. The information in this news release will be made available
in alternate format upon request (large print, Braille, audio tape or
disc) from the COAST office. Please specify which news release when
placing your request at 202.693.7765 or TTY 202.693.7755. The U.S.
Department of Labor is committed to providing America's employers and
employees with easy access to understandable information on how to comply
with its laws and regulations. For more information, please visit the
Department's Compliance
Assistance page.
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